Word: motoring
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...Phillippe cut costs to cope with foreign competition, and also simplified many of the company's procedures. So successful were his programs that he was jumped over five senior vice presidents to the top of the firm that today is the fourth largest in the U.S. (after General Motors, Standard Oil of New Jersey, Ford Motor...
...opportunities are not as splendid as they may seem-mostly because of the tendency of Japanese corporations to dilute the value of their stock by issuing huge quantities of shares. The 1,245 companies listed on the Tokyo exchange now have a total of 91.6 billion outstanding shares. Toyota Motor Co., the country's No. 1 carmaker, has 765 million-almost three times as many as General Motors...
...there is still hope for the Tiger fans, for Detroit will return to the Motor City with the Series even...
Leading the Japanese from the No. 12 slot was Hitachi Ltd., a manufacturer of many types of machinery, notably atomic power plants. With 1967 sales of $1.7 billion, Hitachi was up from last year's No. 18 place on the list. Nissan Motor Co., maker of Datsun cars, whose sales were $1.27 billion, shot up from 42nd to 25th place, followed by Toyota Motor Co. ($1.26 billion), which was up from 40th to 28th...
...shifts become more common, many companies are taking extra pains to keep their executives happy. To protect its executives from high taxes on immediate income, U.S. Plywood-Champion Papers, for one, has taken to offering them deferred compensation. One of the best at holding onto its executives is General Motors, which is forever shifting them into new jobs. But not even the best can avoid losing an occasional man, as evidenced when Executive Vice President Semon E. ("Bunky") Knudsen, passed over for G.M.'s presidency, quit last winter to become president of Ford Motor...